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Phenix Salon Suites

Phenix Salon Suites is changing the Salon Industry. Founded by a family of Salon Professionals with over 85 years of Salon Industry experience, Phenix Salon Suites is poised to be the premier provider of Salon Suite concepts throughout the United States and internationally.

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Phenix Salon Suites Franchise Cost and Requirements for 2024

Background

JOIN ONE OF THE FASTEST GROWING FRANCHISES IN THE UNITED STATES

Phenix Salon Suites is the fastest growing 'Salon Suite' concept in the US, and the only Salon Suite / Studio concept to earn a Franchise 500? ranking by Entrepreneur Magazine. The company began growing through franchising in 2012 and now has over 100 locations operating in the US. Additionally, Phenix has 200 locations in the planning and development process. The explosive growth of Phenix Salon Suites is due to our in depth knowledge and understanding of the needs of the Salon Community. The founder of Phenix Salon Suites, Gina Rivera, still works in her own suite several days a week as a hair dresser. A deep love and passion for the salon industry and truly caring for every salon professional that is part of the Phenix Salon Suites family is what sets Phenix apart from the competition.

SALON PROFESSIONALS WITH OVER 8 DECADES OF EXPERIENCE!

Phenix Salon Suites was founded by a family of Salon Professionals with over 84 years of experience in the Salon Industry. Salon Professionals used to only have two choices to provide their services to customers. One was to work on a commission basis and take home about 40% of their earnings. The other option was to rent a booth from a salon owner, but still have to live by the owner's rules and work on the owner's hours. In 2007 Phenix Salon Suites pioneered a new vision in Colorado Springs, CO to give salon professionals the opportunity to run their own salon business at a fraction of the cost it takes to open a full fledge salon and for about the same amount that salon professionals pay for booth rent. The concept was an immediate success and the Phenix Salon Suites began opening additional locations.

Company Details

Established: 2010
First Unit Franchised: 2012
Franchised Units: 400
Company Owned Units: 29
States Registered In: All (Unavailable territories: NC, DC)
Canada Franchises: Yes
International Franchises: Yes


Support and Training Offered By Phenix Salon Suites

Financial Assistance Provided: Yes (through a third party)
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: No

Training: One week that includes 3.5 days with the executive team and 1.5 days at the franchise location.

2024 Franchise Requirements Needed to Own a Phenix Salon Suites Franchise.

What does a Phenix Salon Suites Franchise Cost?

Phenix Salon Suites franchise fees for 2024:

Cash Investment: $300,000+
Total Investment: $718,477 to $1,932,884

Minimum Net Worth: $1 million
Franchise Fee: $52,500
Royalty: $.33 per square foot
Ad:$.06 per square foot
Average Number of Employees: 1
Item 19: Yes
SBA Approved: No- but not brand specific, it is concept specific
Passive Ownership: We allow absentee ownership, not negligent ownership
Home Based: Semi
B2B: Yes
Master Franchise Opportunities: No
Veteran Discount : Yes

Is Phenix Salon Suites a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Phenix Salon Suites is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Phenix Salon Suites a Home Based franchise?

No. Phenix Salon Suites is not a home based franchise opportunity.

What Do Phenix Salon Suites Franchise Owners Make?

Click here to find out how much Phenix Salon Suites franchisees make. Phenix Salon Suites offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Phenix Salon Suites a Master Franchise Opportunity?

No. Phenix Salon Suites is not a master franchise opportunity.

Does Phenix Salon Suites Offer a Veteran Discount?

Yes. Phenix Salon Suites franchise does offer a veteran discount.

Does Phenix Salon Suites Work with E2 Visa and EB-5 Visa Candidates?

No. Phenix Salon Suites franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Phenix Salon Suites Looking for Franchisees in Canada?

Yes. Phenix Salon Suites franchise is looking for Canada franchisees.

Is Phenix Salon Suites Looking for International franchisees?

Yes. Phenix Salon Suites franchise is looking for International franchisees.

Where can I see Phenix Salon Suites's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Hair Care & Beauty Salons, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

No

Phenix Salon Suites Franchises for Sale

Click Here to inquire about existing Phenix Salon Suites franchises for sale. We may have Phenix Salon Suites franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to Phenix Salon Suites

Cherry Blow Dry Bar, ZU Kids Hair Studio, SportClips, Amazing Lash Studio, BodiBronze Sunless Spa, In-Symmetry Spa, Great Clips, ManCave For Men, Just Cut It, Sola Salon Studios, SmartStyle, Barbers of the Lowcountry, European Wax Center, Bellacures

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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